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Evaluate the financial performance of Exxon Mobil Corporation using the following income statements for the years ended December 31, 2022, and 2021. Exxon Mobil Corporation

Evaluate the financial performance of Exxon Mobil Corporation using the following income statements for the years ended December 31, 2022, and 2021.

Exxon Mobil Corporation

2022

2021

Sales

$413,680

$276,692

Cost of Goods Sold

$232,715

$170,350

Gross Profit

$180,965

$106,342

Operating Expenses

$54,829

$49,780

Net Income

$55,890

$31,048

Requirements:

  1. Calculate the gross profit margin for each year.
  2. Calculate the operating profit margin for each year.
  3. Compute the net profit margin for each year.
  4. Analyze the profitability growth of Exxon Mobil Corporation from 2021 to 2022.

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